Damage caused to energy infrastructure in Gulf states would cost $58 billion to repair, Rystad Energy estimated this week, suggesting the fallout of the war between the U.S. and Israel, and Iran is more severe than futures market-focused observers would assume, because just two weeks ago, Rystad had calculated the damage at less than half that amount.
According to the International Energy Agency’s head, Fatih Birol, more than 80 oil and gas facilities in Gulf states have been damaged in U.S. and Israeli attacks on Iran’s oil and gas facilities and in Iran’s retaliatory attacks on states housing U.S. bases. Some of these have suffered…
